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Struggling Intel names industry veteran Lip-Bu Tan as CEO
Struggling Intel names industry veteran Lip-Bu Tan as CEO
by  AFP

Intel on Wednesday announced tech industry veteran Lip-Bu Tan as its new chief executive, boosting shares of the US computer chipmaker struggling to catch up in the AI race. Intel's niche has been in chips used in traditional computing processes being eclipsed by the AI rage.

Generative AI rivals racing to the future
Generative AI rivals racing to the future
by  AFP

Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology. The Tesla tycoon bought Twitter in late 2022.

DeepSeek dims shine of AI stars
DeepSeek dims shine of AI stars
by  AFP

China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.

Monopoly Go game maker Scopely to buy Pokemon Go team
Monopoly Go game maker Scopely to buy Pokemon Go team
by  AFP

Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday. Scopely said the deal, valued at $3.5 billion, will bring it Niantic's entire team of game makers. gc/dw

S.Africa revised budget gets booed despite smaller tax hike
S.Africa revised budget gets booed despite smaller tax hike
by  AFP

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.